No, 5000 is not half of one million. To find half of one million, you would divide it by 2, which equals 500,000. 5000 is only 1% of one million.
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One half million is 500 thousand.
That is the correct spelling of "half million" (500,000). The terminology for the determiner (adjective) would properly be "a half million" or "one-half million" or more colloquially "half a million." e.g. There were a half million refugees from the flood. More than one-half million residents were without power. As many as half a million cars were affected by the recall.
It is supposed to be said "one million five hundred thousand" but it is easier to say "and a half" as in a half million.
One and a half percent of ten million dollars is calculated by multiplying ten million by 0.015. This results in 150,000 dollars. Therefore, one and a half percent of ten million dollars is $150,000.